Recent actions from Century Logistic

Despite the share buy back activities running up by Century Logistic. Here is another move by Century Logistic on 21st Jan 2011 fully repaid a term loan facility amounting to RM20 million.

This bring the total borrowings of Century Logistic to around RM 60 million. With the healthy cash flow, plus good cash management by Century Logistic, this will result substantial interest saving by the company. We can foresee a better cash flow and earning from it in the coming quarter result as the company is running share buy back activities and reduce the company's debt.

Note: There is total 3.5 million retained shares in the company treasury share account from total 81.7 million issued shares.